#ETHBreaks3700
๐ ETH 4-Hour Forecast: What to Expect Next
โ Bullish Outlook (60โ70% Probability):
As long as ETH stays above $3,700, the uptrend remains intact.
Key levels to watch:
๐น Re-test of the recent high at $3,766
๐น If that breaks, look for targets at $3,780, and possibly $3,800โ$3,820 in the next 4 hours
โ ๏ธ Bearish / Pullback Scenario (30โ40% Probability):
With the RSI in overbought territory, a short-term dip canโt be ruled out.
๐ธ Initial support: $3,700
๐ธ If this level fails, expect a pullback toward $3,660โ$3,630 before any potential rebound
๐ Overall Summary:
โข Trend: Bullish, but slightly overheated in the short term
โข Support to Watch: $3,700 โ a key level for both bulls and bears
โข RSI: Indicates possible minor correction, though the broader trend remains upward
โข Break Above $3,766: Would confirm bullish continuation
